Although the brazilian index IPCA (Broad National Consumer Price Index), that shows the inflation rate was 1.16%, the highest for the month since 1994. It was below the expectation of 1.25% of the financial market. In the real live, the cost of living in Brazil continues to grow alarmingly.
Much of the IPCA in September was driven by energy and fuel prices.
As the increase in the electricity tariff was what most influenced the index. It is possible to say that inflation was less spread to food products. However, in 2021, Brazil reached the terrible mark of 7.5 million Brazilians living under severe food insecurity, and more than 19 million people living in extreme poverty
